Bearish flow noted in Cassava Sciences with 4,997 puts trading, or 2x expected. Most active are Aug-24 10 puts and 7/12 weekly 10 puts, with total volume in those strikes near 2,400 contracts. The Put/Call Ratio is 1.56, while ATM IV is up nearly 12 points on the day. Earnings are expected on August 1st.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SAVA:
- Cassava Sciences put volume heavy and directionally bearish
- Largest borrow rate increases among liquid names
- Biotech Alert: Searches spiking for these stocks today
- Cassava Stock: Consultant’s Fraud Indictment Results in a Downgrade
- JonesResearch downgrades Cassava on ‘multiple sources of uncertainties’
